Sunnova Energy International Inc., a Texas-based provider of residential solar and energy services, has entered a stalking horse agreement with Omnidian Inc. to sell its servicing and operations platform, ServiceCo, for $7 million. As part of the agreement, Omnidian will assume certain liabilities and, according to Sunnova Energy International Inc., will take over customer service and system management for a significant portion of its residential solar customers. The transaction is being executed under Section 363 of the US Bankruptcy Code to establish a baseline value for the assets. Sunnova Energy International Inc. has stated that it may sell ServiceCo separately or in conjunction with AssetCo, its 3 GW portfolio of generation and storage assets backed by asset-backed securities. A hearing to determine stalking horse bidder designations is scheduled for July 11, 2025, in the US Bankruptcy Court for the Southern District of Texas, with a final bid deadline on July 21, 2025.
Sunnova enters asset sale pact with Omnidian for O&M platform
A $7 million stalking horse deal will allow Omnidian to acquire Sunnova’s ServiceCo and assume residential O&M responsibilities under court-supervised sale.
/solarbytes/media/media_files/2025/07/12/2025-07-12-sunnova-gks-2025-07-12-14-36-59.jpg)
Advertisment
/solarbytes/media/agency_attachments/2025/01/13/2025-01-13t112055287z-solarbytes.png)
/solarbytes/media/agency_attachments/2025/01/13/2025-01-13t112030439z-solarbytes.png)